Lyon: Tencent Holdings (00700) adjusted EBIT in the third quarter increased by 21% year-on-year, maintaining a highly confident rating of outperforming the market.

According to the Zhixun Financial APP, the research report released by Credit Suisse stated that it is expected that Tencent Holdings (00700) will have a strong performance in the third quarter, with total revenue and adjusted EBIT increasing by 14% and 21% respectively year-on-year, reaching 190 billion yuan/74.1 billion yuan. Online gaming business is expected to grow by 18% year-on-year, and strong performances from "King of Glory", "Peace Elite", "Delta Force", and "Royal War" may bring surprises. Based on the revised high advertising revenue growth rate of about 20% for 2025, the bank has raised Tencent's adjusted net profit forecast for the fiscal years 2025 and 2026 by 0.8%. It maintains a highly confident outperform the market rating.